Information that should be Present in The Tenancy Agreement

Posted by serenawoods on March 15th, 2013

The tenancy agreement is one of the most frequently used legal documents today. Many people prefer availing homes to rent rather than buying one. This is very common among the younger generation who want to first earn enough to purchase a home rather than incur heavy home loans that they find unable to repay. The tenancy or the lodger agreement is the document that binds the landlord and the tenant legally. This is a document that protects the interests of both parties should any problem occur during the tenancy period. Renting a home without signing this agreement should be avoided at all costs. Getting this agreement drafted is not a herculean task any more.

Thanks to the Internet, you can easily download this agreement within a matter of minutes. However, before you sign on the dotted line, make sure that you have read and fully understood all of the information, including important clauses. If you are uncertain with regards to the information that should be included in this agreement, here is some information that can help you.

The most important information to be included in the lodger agreement is the name of the tenants and the landowner. There are times when there are multiple tenants occupying the same property or when the home is owned by multiple people. In such cases, you have to ensure that the names of all the tenants, as well as the landowners, are mentioned clearly. This makes each of them responsible for the maintenance of the property. In case of any problems, all the tenants and landowners are answerable. If you are downloading the tenancy agreement from a website, then there will be provisions for the names to be added to the document. Identify the appropriate column and fill in the accurate details.

The tenancy agreement should detail all the terms of tenancy in simple terms, without any ambiguity. The lodger agreement should clearly outline the period of tenancy, together with the rental amount for the relevant period. The maintenance charges and other costs, along with the details of the person who is responsible for making the payments should be a part of this document. You should also make sure that the details of moving out and the required notice period are agreed and mentioned clearly in the paper work.

The tenancy agreement should clearly outline the amount payable as deposit and this amount should be permissible according to the laws of the region. The lodger agreement should include a clause that states when the landlord will repay the deposit to the tenant when they decide to vacate the rental property. In addition to this, the document should clearly mention the charges that should be paid by the tenant to the owner in case the property has been damaged during the tenancy period. Activities that are permitted and restricted should also find a mention in this agreement to prevent any problems at a later date.

Are you looking for a tenancy agreement? Please visit our website to download a lodger agreement that has been drawn up by legal experts.